Wed, 13 December 2017
The only thing in life you know you can control is your reaction to the events that happen to you. Gary Pinkerton kicks off this 10th episode discussing the importance of knowing where you want to go, crafting your life to get you there, and how to keep yourself from veering off that course. Then, Jason Hartman talks with Jack Canfield, creator of the Chicken Soup for the Soul series. Jack fostered the emergence of inspirational anthologies as a genre – and watched it grow to a billion dollar market. As the driving force behind the development and delivery of more than 123 million books sold through the Chicken Soup for the Soul® franchise (and over 500 million copies in print worldwide), Jack Canfield is uniquely qualified to talk about success. His proven formula for success reached global acclaim with his most recent National Bestseller, The Success Principles™: How to Get from Where You Are to Where You Want to Be. Jack is a multiple New York Times bestselling author, including titles such as The Power of Focus, The Aladdin Factor, Dare to Win, You’ve Got to Read This Book! and The Key to Living the Law of Attraction. Websites: Tammie Brannon, Instinctive Life coach |
Fri, 8 December 2017
Gary Pinkerton opens up the episode announcing Ken McElroy's addition to the Meet the Masters lineup, as well as reminding listeners about the two main components of your real estate return on investment. Then, Jason Hartman talks with Rich Dad Advisor Ken McElroy. The two investors discuss real estate investing, inflation, and the effect of today’s economy on the rental markets. Both Ken and Jason learned the power of leverage to hedge against inflation, and in this episode, they share their combined knowledge with the listeners. Ken feels that investing in real estate and watching the dollar, mortgage rates, and inflation are lifelong endeavors and it’s important to stay on top of those things. He also shares why he prefers apartments over residential investments, expressing it allows greater control over the financial outcome of the asset. Ken McElroy has over 20 years of experience in multifamily asset/property management, development, project/construction management, investment analysis, acquisitions and dispositions, business development, and client relations. With his years of experience and knowledge, Ken has a unique property management perspective. Ken authored the best-selling book, The ABCs of Real Estate Investing; The Advanced Guide to Real Estate Investing; The ABC’s of Property Management; and his most recent book, The Sleeping Giant. Ken, as the Real Estate Advisor to The Rich Dad Company, has also co-authored with Robert Kiyosaki several audio programs, including “How to Increase the Income from Your Real Estate Investments;” “How to Get Your Banker to Say ‘Yes!’;” and “How to Find and Keep Good Tenants.” Ken is a chapter contributor in the newly released The Real Book of Real Estate. Website: |
Wed, 6 December 2017
This week, Gary Pinkerton takes an in-depth look at how to accurately figure out your return on investment when it comes to real estate. You can't simply look at your cash flow, you can't just look at appreciation, you have to look at all the factors that come into play. As he says, real estate is an I.D.E.A.L. investment (listen in to find out what that means). In the second half of the show, Gary spells out some advantages service members and veterans have available to them that other investors don't. This includes access to VA loans (although that's partially misunderstood and Gary is happy to correct the most common misconception of it), discounts at local businesses, military housing, and more. Key Takeaways: [3:02] The key to securing long-term wealth, particularly in real estate, is perspective [6:48] However you decide to keep track of your profit and loss with your real estate, you need to be sure you account for the multi-dimensional aspects of the investment [9:12] Real estate is an I.D.E.A.L. investment [12:07] How to turn inflation into a benefit [14:00] Using an example property that Gary found on JasonHartman.com/Properties, Gary breaks down how to use I.D.E.A.L. to find total ROI [20:35] Leverage is the largest part of your ROI [23:22] Some tools you need to take advantage of if you're investing in real estate as a veteran [24:09] The most powerful tool that veterans have as real estate investors is access to the VA loan [28:31] Two important notes about VA loans [30:02] USAA provides some perks when it comes to loans [30:37] Don't forget to take advantage of veterans discounts at places like Home Depot & Lowe's when you're doing repairs [31:36] Take advantage of the ability to market your rentals at the military housing office of your station Websites: www.JasonHartman.com/Properties "Cash flow is staying power" |
Sat, 2 December 2017
Jason Hartman talks with Dan Sullivan, co-founder of The Strategic Coach®. As an international organization offering practical thinking tools and support, Dan Sullivan has structured his company to help individuals create the personal and professional future they want. Dan’s strong belief in the power of the entrepreneur is evident in all areas of Strategic Coach which works to help entrepreneurs reach their full potential in both their business and personal lives. He is author of over 30 publications, including The Great Crossover, The 21st Century Agent, Creative Destruction, and How The Best Get Better®. |
Thu, 30 November 2017
Jason Hartman and Gary Pinkerton review recent news articles which impact income property investors. Does an excess of tower cranes in an area tell a tale of a future bubble? Can you afford the rent in a large US city and still have a savings account? How does the sharing economy can make life better for consumers? And later in the show, Jason and Gary answer listener questions and Gary describes how to use a life insurance policy to make a down payment on your next income property. Key Takeaways: [04:21] Jason and Gary review an article about how a tower crane can indicate a real estate bubble. [11:43] The Income Needed to Pay Rent in the Largest U.S. Cities by Derek Miller. [13:55] Bloomberg’s article, What a London Cabbie Taught Me About Uber. [15:50] The New Human Rights Movement by Peter Joseph doesn’t look at the whole picture. [20:27] Jason and Gary answer Derek’s question about appreciation submitted during the Airpods raffle. [29:45] Gary explains how to borrow money from your own insurance policy to buy income properties or make necessary repairs. Websites: |
Fri, 24 November 2017
Gary Pinkerton kicks off the show introducing Jason's interview with Robert Kiyosaki. Back when he was just beginningWhat Gary started (and stopped) doing after he understand what Robert Kiyosaki was talking about. Would you like to escape the rat race? Famous “Rich Dad” author and speaker in the areas of personal finance, real estate and business, Robert Kiyosaki joins Jason Hartman for a discussion on success and passive income. At the age of 47, Kiyosaki retired from his business to devote time to writing, and in 1997 published the #1 New York Times best seller, Rich Dad, Poor Dad. Website: |
Wed, 22 November 2017
Gary Pinkerton welcomes Tony Wright back to the show. Last time Tony talked about becoming a successful real estate investor. This time, however, he's back to discuss his experience working on a FEMA Global Disaster Response team through the LA County Fire Department. Tony documents his experience responding to the earthquake in Nepal, as well as some of his most interesting calls as a firefighter. Key Takeaways: Gary Monologue: [1:16] The importance of a mastermind group [4:20] Ben Franklin's thoughts on masterminds, and why they're still applicable today Tony Wright Interview: [1:12] What the disaster response team is like [5:26] Whether the response team works with the locals or if they prefer to work alone [10:16] What kind of notice Tony gets as a part of the team [12:36] Disaster responses by people around the world Website: |
Fri, 17 November 2017
Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property. Key Takeaways: [07:45] Is the US a giant Ponzi scheme? [10:51] Understanding the difference between pension benefit plans and contribution plans is essential. [20:35] The financial service industry preys on retail investors. [26:09] Harry Markopolos is waiting to capitalize on a market correction. [32:29] Analyzing the patterns and mistakes of the middle-class investor. [40:47] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy. [43:09] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties. Website: www.VentureAllianceMastermind.com
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Wed, 15 November 2017
Gary Pinkerton talks to retired Air Force officer and current Captain of the Los Angeles County Fire Department Tony Wright about how he got started in the real estate investing world. Tony went from buying a family home that he started renting out when he couldn't think of selling the place, to now considering buying a 100 unit apartment complex. The two discuss what drives Tony, where to invest your money for the greatest return, and how others can follow the path. Key Takeaways: Gary Intro: [1:56] Meet the Masters is coming and the speaker list keeps getting better Tony Wright Interview: [10:03] Why Tony became a real estate investor [13:50] Tony initially made money on a very fortunate $2,000 investment that turned into $40,000 while he was deployed [17:09] The motivation behind Tony's continued investing and working [20:25] The #1 thing you HAVE to invest in [22:40] What's next in Tony's investment plan [25:59] Managing a property in the 30-50 unit range, and the importance on not buying based on price alone Website: "If you work hard, you live easy. If you live easy, you work hard" |
Fri, 10 November 2017
Today’s Heroic Investing Show takes a step away from real estate investment and instead, looks at one of the most successful entrepreneurial stories of recent decades. Jason Hartman invites Brian Smith, the founder and the brains behind UGG Boots to talk about the brand’s unassuming roots, the difficulties of the early years and the steps associated to selling a brand such as UGG. They also discuss many of the points raised in Brian’s book The Birth of a Brand, which applies an interesting new metaphor to the concept of brand identification and development. Key Takeaways: [6:15] The founder of UGG Boots, Brian Smith, describes the brand’s humble beginnings. [10:40] Experience can sometimes hold you back more than help you out –if you knew all of the obstacles in your way, would you ever start anything? [15:17] Every image you give out to your target market sends out a message about your brand. Make sure it’s the right message. [19:21] Understanding business means understanding that you can’t give birth to adults. [28:29] You need to be able to answer 4 main questions for an investor to even consider taking you seriously. [31:10] Never underestimate the power of product placement – it worked wonders for UGG Boots. [34:36] In business, you have to understand which aspects you’re good at and enjoy, and which you don’t. [37:33] For more information about Brian Smith, head to www.BrianSmithSpeaker.com
The Birth of a Brand: Launching Your Entrepreneurial Passion and Soul by Brian Smith The essence of good advertising is to make the reader want to be in the ad To be a good entrepreneur, you almost need a certain amount of ignorance, or even just innocence. If Americans didn’t understand the properties of sheepskin, how is it that something like UGG Boots ever got so big? |
Wed, 8 November 2017
On this 10th episode, Jason Hartman talks to Dr Gary Chapman, author of The Five Love Languages. We each have one of these languages as the paramount way that we feel loved. Understanding our own, and that of our significant others and friends, can improve our relationships more than any other way. Gary Pinkerton opens the episode by explaining how the understanding of love languages helped him understand himself, and his wife, and helped save his marriage. Key Takeaways: Gary's Intro: [1:44] How Jason's interview with Dr. Chapman saved Gary's marriage [3:48] Gary originally felt shallow when he learned his love language [6:03] The Golden Rule is one of the reasons we mess up treating people by their love language Website: |
Fri, 3 November 2017
All investing comes with risk attached, but some investments are a lot riskier than others. Stocks can run to 0 and leave you with absolutely nothing. Real estate, however, doesn't really have THAT particular problem. No matter what happens you'll have the land, as well as the physical materials the home was made out of. Gary Pinkerton tees up the episode with his story of investing in the dot com bubble, then lets Jason Hartman take the lead to discuss the important topics of regression to replacement cost and LTI ratios. Key Takeaways: [1:34] The dangers of the stock market, and the dot com era, and how Gary got burned [5:10] An intro to the cost of the "bricks and sticks" when it comes to homes Jason Hartman Monologue: [9:25] As a prudent investor, you need to know the vital points about LTIs and regression to replacement costs. Learn all you need here. [11:31] Jason Hartman’s personal risk evaluator model relies on construction cost and land cost, and this is a great way to minimize risk when investing in real estate. [16:26] If you’re building in a higher price area, you’re going to have to pay your contractors more because they have to be able to afford to live in that area. [19:36] Three sources of assessing your land value: tax collector or assessor for property taxes, an insurance broker – an insurance company selling you a policy based on the property, and an appraiser. [23:58] If you’re interested in looking for the sorts of properties that can offer you regression to replacement opportunities, come along to the Birmingham, Alabama property tour in November. [30:06] For more information specifically about risk assessment in investing, go to www.JasonHartman.com and type in ‘Hartman risk evaluator’ into the search bar to find podcasts and blog posts. [32:09] Another recommendation for you is to look for the podcast and YouTube video about how to read a property Proforma. This is a really vital skill you can use to become a better investor. Website: |
Thu, 2 November 2017
Captain Gary Pinkerton joins Jason to share his story of how investing in income property gave him financial freedom and he describes how he used a life insurance policy to fund his investments. Later in the show, Jason and Gary answer listener questions about self-management, markets, and taxes received as part of the Apple Airpod contest. Key Takeaways: [02:59] A few things you probably didn’t know about submarines. [06:09] Gary shares the most important lessons he has learned about income property investing. [09:50] Leveraging prudent debt and getting credit for the appreciation is a 20% ROI. [13:47] Gary wanted to go to work and make money on his own terms. [17:51] Increase the efficiency of your properties by funding them in a different way. [24:26] Looking at the benefits of using a life insurance policy to fund your investments. [30:00] Self-managing income properties may give your tenants a better experience so they inhabit your property longer. [33:23] Juan wants to know how to find the best property management company and how to set up his tax structure. Website: *The Airpod contest has ended |
Fri, 27 October 2017
Jason Hartman talks with acclaimed financial advisor Ric Edelman. Barron’s has six times (2004–2009) ranked Ric Edelman among America’s 100 top financial advisors. In 2009, Ric was ranked the #1 independent financial advisor in the nation by Barron’s. In 2004, Ric was inducted into the Financial Advisor Hall of Fame, ranked by Research Magazine for his focus on the individual client and ranked #42 on Registered Rep magazine’s list of “America’s Top 50 Advisors.” Inc. magazine three times named the firm the fastest-growing privately-held financial planning firm in the country. Ric received an honorary doctorate from Rowan University in 1999, and in 2007 was inducted into the Rowan University Public Relations Student Society of America Hall of Fame. Website: |
Wed, 25 October 2017
Gary Pinkerton sums up the first 18 mistakes that Jason Hartman discussed in the previous episode, and then wraps up the 30 fatal mistakes investors make with numbers 18-30. In this episode Gary not only explains the 12 remaining mistakes, but details how he fell into the trap of several of them, and how you can avoid them. So how are investors hurting themselves? 19. They Gamble on their investments |
Fri, 20 October 2017
Gary Pinkerton warms up the episode for Jason Hartman, introducing the fact that there are 30 fatal mistakes that investors make that kill their profits. Jason lays out the first 18 in this episode, and Gary will wrap up the remaining 12 in the next. So how are investors hurting themselves? 1. Investors won't get out of their own way. Website: |
Wed, 18 October 2017
Investing can be tricky business, and while it's possible to navigate it all yourself, getting help from those who've done it before can get you ahead faster than anything else. Gary Pinkerton and Brandon Cook are involved in Jason Hartman's Venture Alliance Mastermind, and the two discuss what they've learned from their time in masterminds, and why everyone should get involved in one. Key Takeaways: [3:04] When Brandon decided to get involved with masterminds [6:02] Brandon's history at Jason's Meet the Masters events, and how the event has grown [10:07] You don't have to join Jason, Brandon, and Gary's Venture Alliance Mastermind, but you need to join SOMETHING [13:40] Getting rid of, or avoiding, negative people in your life Website: |
Fri, 13 October 2017
Gary Pinkerton starts off today's episode talking about self-managing properties, and whether it's the right idea for where you are in your life. After he wraps up, Jason Hartman takes over and goes over firing your property manager, as well as some buy and hold investing strategy. Jason's guest, Steve Dexter, wrote the book Real Estate Debt Can Make You Rich and Buy & Hold Forever: How to Build Wealth for the 21st Century, and the two of them discuss the whole idea behind buy and hold real estate investing. Key Takeaways: [2:20] Gary's experience self-managing a 4-unit building and slowly giving the building back to a management firm [5:31] When to start taking action in turning over your unit in order to minimize vacancy
Website: Buy & Hold Forever: How to Build Wealth for the 21st Century |
Wed, 11 October 2017
The VA loan has a whole lot of myths attached to it. Gary Pinkerton takes a look at the most common ones and examines whether they hold up or not. Then, Gary talks to a veteran, and friend, Clayton about his experience with VA loans, as well as ways he's used OPM (other people's money) to buy his properties. Key Takeaways: [2:04] Are you eligible for a VA loan? [6:14] How much down payment money you're responsible for after you go over the max amount available through VA loans Clayton Interview: [9:18] Clayton's time in the service, as well as what his experience has been in real estate [14:40] Gary has had good luck on Home Advisor finding people to do repairs on homes he manages remotely [19:38] Why Clayton got a "Wealth Maximization Account" [23:28] Sometimes it helps to view the rising cost of real estate services (like appraisals) as insurance against taking unnecessary risk Website: |
Fri, 6 October 2017
Jason Hartman's Meet the Masters event is coming up in January 2018, and it's an event that currently doesn't cost much money but can alter your investment strategy significantly. Real estate experts from around the country get together to give their thoughts, properties are bought and sold, and everyone has a chance to rub elbows with some savvy investors who want to better themselves. Gary Pinkerton shares some of what Meet the Masters has meant to him, and offers a $150 discount to the event. Key Takeaways: [3:07] Meet the Masters is about exposing you to markets and get a plan to get you off the W-2 "dreadmill" [7:51] How to get your $150 discount to Meet the Masters [12:15] Some sample discussions from previous Meet the Masters events Website: |
Wed, 4 October 2017
Gary Pinkerton opens up the show talking about the importance of blocking out the bad and dramatically changing your life by training your thoughts. Then, Jason Hartman talks with T Harv Eker about his work Secrets of the Millionaire Mind, which reveals the missing link between wanting success and achieving it. Have you ever wondered why some people seem to get rich easily, while others are destined for a life of financial struggle? Is the difference found in their education, intelligence, skills, timing, work habits, contacts, luck, or their choice of jobs, businesses, or investments? The shocking answer is: None of the above! Key Takeaways: [3:15] The impact Zig Ziglar's book "See You at the Top" has had on Gary [4:39] The first things you should block from coming into your mind to be a more positive person T Harv Eker Interview: [9:13] What people don't recognize about their thoughts [14:01] The power of Power Thinking [20:28] How you can reprogram your brain to think positively [24:11] It's not a zero sum game. You can have more in one area and not lose in another [29:16] You're doomed to your current station in life unless you actively work to change your "inner money thermostat" [36:07] Rich people associate with positive, successful people [41:13] The Millionaire Mind Intensive program Website: |
Fri, 29 September 2017
When Gary saw his net worth decline by 50% in the late 2000s, he knew he needed to take a different track if he was going to retire successfully. His pension after 26 years in the military is pretty safe, but many first responders for cities and states aren't nearly as secure. What can first responders do to protect themselves from market downturns and pension cuts? Jason welcomes Nick Giambruno to the show. Nick details the problematic pension crisis and shares how it will affect state and local governments. And, he talks about how decentralized cryptocurrencies, like Bitcoin, may be the answer to taking power away from the centralized government and the current geopolitical climate. Key Takeaways: [0:52] Stop trading time for dollars and replace it with passive income [3:09] How military and first responders share similar financial challenges Nick Giambruno Interview: [13:20] Property taxes will go up in order to offset the pension crisis. [16:06] Will there be a federal bailout for the state and local governments? [17:51] Analyzing the longevity and validity of cryptocurrencies. [27:31] The US and China may be at the beginning of a trade war. Website: |
Wed, 27 September 2017
Gary Pinkerton is joined by military real estate investor Brandon Cook. Brandon started buying real estate at a young age while, including closing on a home while he was deployed. The two discuss the importance of your mindset, being area agnostic, and how to save for your next property. Key Takeaways: [2:05] Gary's gratitude journal routine that's improved his life Brandon Cook Interview: [8:24] Brandon's history in the military and investing [12:03] Members of the military who buy investment properties are used to not buying in their own neighborhood thanks to their constant moving [15:08] Careful buying a home with the intention on renting out later, it's easy to get personally attached. [16:00] The story of Brandon's first investment home purchase [20:10] Choice of words matter. Learn to ask how you CAN do something and improve your life [24:40] The Infinite Banking concept [28:51] Leveraging your whole life insurance Website: |
Fri, 22 September 2017
Unlike stocks, bonds, mutual funds or commodities such as precious metals like gold and silver – real estate is a multi-dimensional asset class. The multi-dimensional nature of income property makes it extremely profitable in changing ways based on varying market conditions. This is a wonderful thing because investors can profit even seemingly “bad” markets. For example, when financing becomes expensive (low housing affordability rates) or difficult to qualify for (low capital liquidity) it can create excellent opportunities to increase rents. When mortgage rates are low and qualifying is easy it can spur terrific appreciation. You can win either way so long as you adapt your strategy based on economic realities. Additionally, a discussion about Macro vs. Micro Markets™ so don’t just run out and buy based on a city – be sure to screen and drill down into the various Micro Markets™ within each city. Since you can’t buy all of them… you may as well buy the best ones! Jason's market specific commentary was recorded previously and is not a recommendation to buy or sell today. Website: |
Wed, 20 September 2017
Aaron Chapman is a mortgage broker in his day job, but he also is a first responder who does search and rescue in Arizona. Before he became a first responder, he had a near death experience that sent him down the path he's on now. Listen in as Gary and Aaron talk about his journey, one of Aaron's most treacherous rescues, and what his philosophy is that helps him get through everything in life. Key Takeaways: [1:51] Why Gary highlights first responders and military service people [4:20] The Meet the Masters event that is coming up, and how you can get $150 off the ticket [7:46] The work history of Aaron's life, and how he ended up as a mortgage broker [13:06] The day that changed Aaron's life forever [17:11] What Aaron's near death experience changed in his life [20:21] The search and rescue that stands out most in Aaron's life [28:27] If you run into a roadblock, just power through it Website: |
Fri, 15 September 2017
Gary Pinkerton starts off the show with a description of the hope he has for America. How we need to look at the history of nations around us and decide how we want our future to look. Are we going to continue down the route to socialism, or are we going to grab the reins and lead ourselves in a new direction? Then, Jason interviews his early mentor Dr. Denis Waitley on “The Psychology of Winning.” At age 17, Jason discovered Waitley and it was a life altering event leading to his early and sustained success. Waitley is one of America’s most respected authors, keynote lecturers and productivity consultants on high performance human achievement. He has inspired, informed, challenged, and entertained audiences for over 25 years from the board rooms of multi-national corporations to the locker rooms of world-class athletes and in the meeting rooms of thousands of conventioneers throughout the world. Recently, he was voted business speaker of the year by the Sales and Marketing Executives’ Association and by Toastmasters’ International and inducted into the International Speakers’ Hall of Fame. Website: |
Wed, 13 September 2017
We just observed the 16 year anniversary of the horrible attacks of 9/11, and the nation is still recovering. One of the ways we're doing that is through events such as the Stephen Siller Tunnel to Towers Run. The event raises money for families of fallen first responders, as well as money to build smart homes for catastrophically injured American service members. Gary Pinkerton, a US military veteran of 26 years hosting his first ever podcast, talks to Kathy Cunningham about her team, Team Shamrock, the #1 team fundraiser for the Tunnel to Towers Run. Key Takeaways: [1:01] The story that Gary heard and had to tell for his first episode of Heroic Investing [4:54] What Gary's learned about inspirational people during his 26 years in the military Kathy Cunningham Interview: [10:02] How long Team Shamrock has been around [13:37] The story of the home Team Shamrock was able to give to a disabled veteran [17:18] The story of Kathy's brother's final day on 9/11 [21:36] The biggest surprise Kathy's experienced on her Team Shamrock fundraising journey [25:24] How listeners can help Website: |
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